The company has a six-month window to correct this and maintain its stock listing.
Aktienkapital
Essity has completed the divestment of its entire holding of 51.59% of shares in the Asian hygiene company Vinda International Holdings Limited for HKD 23.50 per share. The sales proceeds amounted to HKD 14.6 billion (approximately $1.8 billion).
Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake.
The company anticipates global container volume growth of only 2.5%-4.5% in 2024, overshadowed by an 11% increase in shipping capacity.
The company has six-month cure period. If the сompany is unable to regain compliance during the cure period, the NYSE may initiate procedures to suspend and delist the сommon ыtock.
Arising from the transaction, Kingspan has issued 1,004,960 shares to Schramek GmbH.